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Universities are feeling the pressure to practice high levels of sustainability in their buildings, food, energy choices, transportation and in other ways, BNIM executives tell GlobeSt.com.
Green financing through the Freddie Mac program facilitated better leverage and lower rates in this deal for a Sacramento apartment asset; the competitive quote from Freddie Mac was only marginally able to edge out a bid from Fannie Mae.
Most new apartment builds are class A, while most post-crisis multifamily securitizations are backed by workforce collateral, says Kroll Bond Rating Agency.
PREIT is still bullish on the retail shopping experience in "bricks and mortar" stores. Listen to our exclusive audio interview with PREIT Chairman and CEO Joe Coradino.
Median home sales prices continue to rise in Greater Boston. The single-family median sales price rose 5.1% to a record price of $615,000 in June as compared to a year earlier. The condo median sales price rose 4% to $525,000 in June, also a new record.
Multifamily lending is still robust, but that doesn't mean it's easy. We sat down with George Smith Partners for a midyear update on multifamily lending and hear how they are advising borrowers.
Many developers are using luxury cars and frequent-flyer points to incentivize buyers to purchase high-end real estate, while others are using something more unique, Zephyr's Amber Frankhuizen tells GlobeSt.com.
The project calls for at least 1,000 units, approximately 250 of which will be designed as affordable, in two tower buildings that will range in size from about 500 feet to 650 feet in height.